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MobilEye Raises $15 Million

Updated Dec. 29, 2003 2:32 p.m. ET

MobilEye Vision Technologies Ltd. said it raised $15 million from a combination of U.S. and Israeli investors. The funding is primarily intended to finance development and customer support operations, said Ziv Aviram, chief executive and president of the Israeli developer of automotive safety technology. Among other things, the technology is designed to keep vehicles within their lanes, adjust their speed to the car ahead, and detect blind spots. This was the fourth financing round for the four-year-old company (www.mobileye.com).